PENN WEST PETROLEUM LTD. T.PWT

RE:Penn West Energy Has Them All The Way

[makedonka]

makedonka wrote:

highest relative cash flow compared to that debt.

Baytex Energy would have a slight cash flow advantage if it were not for all the debt and interest incurred.

Penn West has the highest operating netback.

Pengrowth Energy may actually have the lowest sustaining capital requirements, but the thermal oil properties require a lot of cash flow to recover the initial high capital costs.

The energy market has been in full retreat. That has all sorts of commentators talking about bargains. So this article will attempt to look at some of the more common financial numbers to discuss bargains and try to discern which is the best one. The comparison will be between Penn West Petroleum (NYSE:PWE), Pengrowth Energy Corp. (NYSE:PGH), and Baytex Energy Corp. (NYSE:BTE). These three companies have often been discussed as potential good appreciation investments.

What quickly becomes apparent is Penn West has the most cash flow to use for growth, in addition to the largest first-quarter netback. The other two companies need some commodity price help to succeed. Plus, Penn West management is forecasting the highest growth rate of the three companies without incurring more debt or shareholder dilution.

https://seekingalpha.com/article/4083814-penn-west-energy-way?app=1&isDirectRoadblock=false